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Posted By Don Boudreaux On May 12, 2012 @ 1:32 pm In Civil Society,Crony Capitalism,Current Affairs,Debt and Deficits,Environment,Other People's Money,Politics,Prices,Science,The Crisis,Video | Comments Disabled

David Henderson properly applauds Bob Murphy’s analysis of William Nordhaus on the science of global warming [1].

Juan Carlos Hidalgo looks at French “austerity [2].”

Marian Tupy looks [3] at the Mayans Club of Rome’s latest end-of-the-world prediction.  (And I – here [4], and here [5] – discuss different aspects of capitalism, politics, and the environment.)

Here’s a short video of the great Johan Norberg on Europe’s woes [6].

Bob Higgs explains why [7] “In politics and government, however, the institutional makeup fosters hatred at every turn.”

Raghuram Ragan has an uneven, but ultimately worthwhile, essay in the May/June 2012 issue of [8]Foreign Affairs [8].  I agree, for example, with the following line (although I’d delete the word “equally”): “In fact, today’s economic troubles are not simply the result of inadequate demand but the result, equally, of a distorted supply side.”  Shortfalls in demand, in my estimation, are more the consequence, rather than the cause, of the problem.  John Cochrane – from whom I learned of Ragan’s essay – discusses it in detail [9].

Carpe Diem’s Mark Perry wonders why speculators aren’t being feted as heroes for their role in reducing oil prices [10].

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URLs in this post:

[1] David Henderson properly applauds Bob Murphy’s analysis of William Nordhaus on the science of global warming: http://econlog.econlib.org/archives/2012/05/bob_murphys_cri.html

[2] Juan Carlos Hidalgo looks at French “austerity: http://www.cato-at-liberty.org/looking-at-austerity-in-france/

[3] Marian Tupy looks: http://www.cato-at-liberty.org/apocalypse-2-0/

[4] here: http://triblive.com/opinion/columnists/1513959-74/capitalism-ancestors-filth-flooring-mud-according-afford-asphalt-automobile-beneath

[5] here: http://washingtonexaminer.com/opinion/op-eds/2012/05/another-obama-favor-his-solar-cronies/591726

[6] Here’s a short video of the great Johan Norberg on Europe’s woes: http://www.youtube.com/watch?v=Snoiqr9i2cc&feature=youtu.be

[7] Bob Higgs explains why: http://blog.independent.org/2012/05/05/the-systematic-organization-of-hatreds/

[8] Raghuram Ragan has an uneven, but ultimately worthwhile, essay in the May/June 2012 issue of : http://www.foreignaffairs.com/articles/134863/raghuram-g-rajan/the-true-lessons-of-the-recession

[9] John Cochrane – from whom I learned of Ragan’s essay – discusses it in detail: http://johnhcochrane.blogspot.com/2012/05/rajan-on-worlds-troubles.html#more

[10] Carpe Diem’s Mark Perry wonders why speculators aren’t being feted as heroes for their role in reducing oil prices: http://mjperry.blogspot.com/2012/05/oil-prices-are-falling-do-speculators.html

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